Experts say Trump's economic plan would worsen inflation
The Associated Press reports that mainstream economists warn Trump proposes steep tariffs, mass deportations, and Fed-policy influence would lift inflation rather than curb it. Peterson Institute projects 6 percent to 9.3 percent inflation if enacted, versus 1.9 percent otherwise. Harris policies seen as less inflationary, Moody's Analytics says little change.
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Holiday sales seen growing but slower than last year
The National Retail Federation forecasts holiday purchases totaling about 979.5 to 989 billion dollars for November and December, a 2.5 to 3.5 percent rise from the prior year, with inflation and higher interest rates shaping price-conscious consumer behavior.
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Walgreens to close about 1200 stores amid retail shifts
Walgreens plans to shutter around 1,200 locations as drugstores face tighter reimbursements theft and higher costs while shoppers shift to online rivals. CVS Health follows with 900 closures and Rite Aid trims to about 1,300 stores as access to health care concerns communities. Analysts say smaller chains may emerge but business models must evolve to serve customers.
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